Unity Software Upgraded to Buy at BTIG on Growth Upside and Industry Tailwinds

Core Insights - Unity Software's stock price increased by over 4% intra-day following an upgrade from BTIG to Buy from Neutral with a price target of $60 [1] - The upgrade was attributed to the growing upside potential in Unity's Grow segment, improving industry conditions, and monetization opportunities in the Create business that the market has not fully accounted for [2] - Despite a 15% rally month-to-date and a 40% gain since the pre-earnings upgrade, BTIG believes Unity's intrinsic value is still higher than its current trading levels [2]